USDJPY: Ranging Market & Bearish Move

USDJPY is trading within a local horizontal consolidation range on 1H.

The price is stuck between 104.1 resistance and 103.5-103.65 support.
This morning the resistance of the range was reached and on that, the price started to reverse.

With the last strong bearish hourly candle, chances are high that the price will drop.

Goal - 103.65

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Trade geschlossen: Ziel wurde erreicht:

50% profit taken